Burma and Laos in Line as Possible GSP Beneficiaries

The Office of the United States Trade Representative announced that it is initiating a review of Laos and Burma for possible designation as Beneficiary Developing Countries under the Generalized System of Preferences. The notice is here. Comments are due May 17 and there is a hearing scheduled for June 4. If successful, both countries would be designated as least developed countries and would be entitled to duty-free access to the U.S. market for designated products.

If you are looking strategically at your supply chain and wondering about increasing costs associated with production in China, this may be welcome news.

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